First Bank Q3 net income rises 43% on loan and deposit growth

FIRST BANK (Hamilton)

22/10/2025 21:44

Overview

First Bank Q3 net income rises to $11.7 mln, reflecting strong earnings growth

Net interest income for Q3 increases by $5.5 mln year-over-year

Company repurchased 119,493 shares in Q3 under its share repurchase program

Outlook

First Bank expects loan growth to slow in Q4 due to increased payoffs

Company anticipates 2026 balance sheet growth around 5%

First Bank increases Allowance for Credit Losses due to small business segment concerns

Result Drivers

LOAN AND DEPOSIT GROWTH - Co cites meaningful loan and deposit growth with favorable pricing as key drivers of Q3 results

NET INTEREST MARGIN - Improved net interest margin driven by higher loan yields and lower deposit costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.47
Q3 Net Income
$11.71 mln
Q3 Net Interest Income
$35.54 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for FIRST BANK (Hamilton) is $19.00, about 18.3% above its October 21 closing price of $15.53

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX2S1Xtv

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)